AUDNZD
Hey guys what is up so this is what I have for AUDNZD, I believe that we have a potential buy set up here I Have an alert on this micro zone here as I do believe buyers need to be taken out before it proceeds higher
Let me explain - If you look to the bottom where I said "buyers were interested", we need to understand why buyers would be interested
This is because of the breakout...not long after - just about a few hours or so the buyers were destroyed by where it says - "Buyers taken out"
The dealer is very much aware of where traders enter their trades and obviously where the stop losses are, that being the case I believe that the dealer is much more interested in destroying the buyer because in this bull move the sellers would be destroyed naturally as it continues to buy
The question is how does the dealer deal with the buyer?
By coming back for the stop losses of the traders who thought that an early entry is a better entry
I will continue to watch this as it progresses and worse case scenario I never get an entry, and I move on with my life
Boohoo lol
Let us watch and see